Exchange Traded Concepts LLC Purchases New Shares in Dynatrace, Inc. (NYSE:DT)

Exchange Traded Concepts LLC acquired a new position in shares of Dynatrace, Inc. (NYSE:DT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,486 shares of the company’s stock, valued at approximately $1,042,000.

Other hedge funds also recently bought and sold shares of the company. Covea Finance raised its stake in Dynatrace by 22.7% during the 3rd quarter. Covea Finance now owns 40,500 shares of the company’s stock valued at $2,166,000 after purchasing an additional 7,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in Dynatrace by 600.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the company’s stock valued at $112,000 after buying an additional 1,800 shares during the period. Sendero Wealth Management LLC lifted its stake in Dynatrace by 29.3% in the 3rd quarter. Sendero Wealth Management LLC now owns 36,625 shares of the company’s stock worth $1,958,000 after acquiring an additional 8,298 shares in the last quarter. UMB Bank n.a. boosted its position in Dynatrace by 292.3% during the 3rd quarter. UMB Bank n.a. now owns 718 shares of the company’s stock worth $38,000 after acquiring an additional 535 shares during the period. Finally, CWM LLC grew its stake in Dynatrace by 199.8% during the 3rd quarter. CWM LLC now owns 7,066 shares of the company’s stock valued at $378,000 after acquiring an additional 4,709 shares in the last quarter. 94.28% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dynatrace

In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the stock in a transaction on Friday, October 11th. The shares were sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the sale, the director now directly owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Dynatrace news, Director Stephen J. Lifshatz sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the completion of the transaction, the director now owns 41,471 shares of the company’s stock, valued at $2,280,905. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dan Zugelder sold 11,022 shares of Dynatrace stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $49.71, for a total value of $547,903.62. Following the sale, the executive vice president now directly owns 217,465 shares in the company, valued at $10,810,185.15. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,022 shares of company stock worth $3,397,904. Insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DT shares. BMO Capital Markets increased their price target on shares of Dynatrace from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. BNP Paribas started coverage on shares of Dynatrace in a report on Tuesday, October 8th. They set a “neutral” rating and a $52.00 price target on the stock. Piper Sandler initiated coverage on Dynatrace in a report on Thursday, June 27th. They set a “neutral” rating and a $50.00 price objective for the company. Wedbush restated a “neutral” rating and issued a $55.00 target price on shares of Dynatrace in a research note on Thursday, August 8th. Finally, Scotiabank raised their price target on Dynatrace from $52.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, August 8th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Dynatrace has a consensus rating of “Moderate Buy” and an average price target of $60.04.

Dynatrace Stock Performance

Shares of NYSE:DT opened at $53.70 on Thursday. The stock’s 50-day moving average is $51.17 and its 200-day moving average is $47.40. The company has a market cap of $16.01 billion, a P/E ratio of 103.27, a P/E/G ratio of 7.93 and a beta of 1.06. Dynatrace, Inc. has a 52-week low of $39.42 and a 52-week high of $61.41.

Dynatrace (NYSE:DT) last released its earnings results on Wednesday, August 7th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. Dynatrace had a return on equity of 9.77% and a net margin of 10.36%. The firm had revenue of $399.20 million for the quarter, compared to analyst estimates of $392.22 million. During the same quarter last year, the firm posted $0.16 EPS. The company’s revenue was up 19.9% on a year-over-year basis. As a group, equities analysts predict that Dynatrace, Inc. will post 0.71 EPS for the current year.

About Dynatrace

Dynatrace, Inc provides a security platform for multicloud environments in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates Dynatrace, a security platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, log management and analytics, digital experience monitoring, digital business analytics, and cloud automation.